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Institutional Change in Southeast Asia

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Book Series: European Institute of Japanese Studies East Asian Economics and Business Series ISBN: 9780203694633 9780415338714 9780415446761 9781134303144 9781134303137 9781134303090 Year: DOI: 10.4324/9780203694633 Language: English
Publisher: Taylor & Francis
Subject: Economics --- Sociology --- History --- Science (General)
Added to DOAB on : 2019-11-08 11:21:21
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Abstract

This book examines the institutional changes taking place in, and challenges facing, the region since 1997. It also describes various differences in the reform process between countries in the region. Sjöholm and Tongzon argue that the economies of southeast Asia need to reform their institutions if the previous rapid development is to continue. The institutional weaknesses have been addressed to different degrees and with different success in the affected countries. Against the backdrop of southeast Asia's importance in the world economy, it is hardly possible to overestimate the need to understand this process of change.

Currency Crisis

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ISBN: 9783039215782 / 9783039215799 Year: Pages: 126 DOI: 10.3390/books978-3-03921-579-9 Language: eng
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Economics
Added to DOAB on : 2019-12-09 11:49:15
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Abstract

Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.

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